AI Revives the Market...Macro is the Key to Rebound | Lee Jae-gyu, SK Securities PB Deputy Manager [Market Inside]

Summary

Lee Jae-gyu from SK Securities discusses the Korean market rebound driven by AI semiconductor momentum and macro stabilization. He identifies key sectors: memory semiconductors, power equipment, secondary batteries, and oversold pharma/bio and robotics. He emphasizes that sustained improvement in macro conditions (US yields, oil, FX) is critical for the rally to continue.

• Korean market is expected to rebound after a sharp selloff, led by AI-related semiconductor stocks.
• Macro factors (US 10-year yield, oil, FX) are the key to sustaining the rally.
• Samsung Electronics and SK Hynix are highlighted as core holdings with strong earnings support.
• Power equipment sector offers a buying opportunity after a deep pullback.
• Secondary battery sector (LG Energy Solution, Samsung SDI) is seen as bottoming with ESS demand growing.
• Pharmaceutical/biotech and robotics sectors are oversold and could rebound when macro stabilizes.
• NVIDIA's strong earnings and guidance provide a positive backdrop for Korean memory makers.
• The speaker advises focusing on leading stocks rather than chasing overvalued small caps.